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19 March
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Slovakia was allowed to export products from Russian oil
Despite the agreed sanctions, the European Union (EU) has allowed Slovakia to export oil products from Russian fuel. This was reported this Wednesday by the Reuters news agency, referring to Karel Hirman, Slovakia's Economy Minister.
22 December 2022
US Department of the Treasury explained how the price ceiling for petroleum products works
The Office of Foreign Assets Control (an agency within the US Department of the Treasury) published on its site the clarification concerning the shipments from RF.
22 December 2022
Japan lowers factory output forecast due to China’s COVID-19 situation
According to the Cabinet Office's December economic report, Japan is going to keep a close eye on the factors such as the spread of COVID-19 in China, economic downturn risks, sharp price increases and supply issues.
22 December 2022
Natural gas resumes its growth as the winter season begins
After several sell-offs that devastated the natural gas market, bulls got a little respite. It’s related to the official arrival of winter and cold. The ambiguity of these forecasts doesn’t allow determining whether an uptrend will take place immediately or not.
22 December 2022
Germany counts on oil supplies through the Druzhba pipeline from Kazakhstan
A week ago, Kazakhstan and Germany had oil supply negotiations. As a result of a successful talk of Vice Chancellor of Germany Robert Habeck and Kazakhstan's Minister of Energy, the two countries have reached an agreement, which is oil supply from Kazakhstan to Germany via the Druzhba pipeline.
22 December 2022
Reduced oil and distillate stockpiles boost oil growth
The rise in oil prices continues for the fourth day in a row amid tightening stocks of U.S. crude, heating oil and jet fuel in the United States. On Wednesday, Brent and WTI crude oil jumped due to a significant decline in US crude oil inventories.
22 December 2022
U.S. crude oil and distillate stocks dropped more than expected
Crude oil reserves dropped more than three times the level seen last week, as the Energy Information Administration (EIA) said on Wednesday.
22 December 2022
Colder weather increases U.S. gas demand
After the worst three-day drop in 10 months, natural gas futures in the U.S. are stabilizing.
22 December 2022
Keystone pipeline is being tested as ordered by regulator
As it was stated yesterday by TC Energy representatives, the damaged part of the Keystone pipeline, where a leak had occurred this December, was cautiously separated from the line.
22 December 2022
U.S. natural gas holds near eight-week low due to January warming outlook
U.S. natural gas futures remain around the minimum value of eight weeks. This is due to the fact that extreme cold contributed to the growth of demand for heating. However, the market was able to offset this with a softer long-term outlook.
22 December 2022
